#shibaInu burn rate has skyrocketed by 1,567% in a surprising reversal, with over 1 million
$SHIB tokens burned in the last day alone. This significant increase in burn rate has sparked interest in the market, despite SHIB's price currently trading in the red. Here's what's next for Shiba Inu :
- *Short-term Price Prediction:* SHIB is expected to trade between $0.000008144 and $0.000008588 in the next year, with a potential increase of 4.51%. In the next month, SHIB is forecasted to rise by 15.95% and reach $0.000009586 by January 13, 2026.
- *Long-term Price Prediction:* By 2030, SHIB's price could reach $0.000187, with potential lows around $0.0000733 and an average value of $0.000116. Some analysts predict SHIB could reach $0.00048 in 2030.
- *Market Sentiment:* The current sentiment is bearish, with 6 technical indicators signaling bullish signals and 22 signaling bearish signals. The Fear & Greed Index shows extreme fear with a score of 21.
- *Resistance and Support Levels:* Key resistance levels are at $0.000008448, $0.000008528, and $0.000008605. Support levels are at $0.000008290, $0.000008213, and $0.000008133.
The recent surge in burn rate could indicate a potential comeback for SHIB, but the market remains uncertain. Investors are watching for potential clues that might shape 2026. Additionally, Coinbase's upcoming launch of perpetual style futures for altcoins, including Shiba Inu, might impact SHIB's price .
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